CECO Environmental Corp. (CECE) Reaches $5.42 After 6.00% Up Move; Shorts at DRAGONWAVE (DRWIQ) Raised By 36.18%

November 22, 2017 - By Ellis Scott

The stock of CECO Environmental Corp. (NASDAQ:CECE) is a huge mover today! About 204,810 shares traded. CECO Environmental Corp. (NASDAQ:CECE) has risen 22.53% since November 22, 2016 and is uptrending. It has outperformed by 5.83% the S&P500.The move comes after 9 months positive chart setup for the $188.12 million company. It was reported on Nov, 22 by Barchart.com. We have $5.75 PT which if reached, will make NASDAQ:CECE worth $11.29 million more.

DRAGONWAVE INCORPORATED (OTCMKTS:DRWIQ) had an increase of 36.18% in short interest. DRWIQ’s SI was 62,100 shares in November as released by FINRA. Its up 36.18% from 45,600 shares previously. With 15,500 avg volume, 4 days are for DRAGONWAVE INCORPORATED (OTCMKTS:DRWIQ)’s short sellers to cover DRWIQ’s short positions. About 1,426 shares traded. DragonWave, Inc.(USA) (OTCMKTS:DRWIQ) has 0.00% since November 22, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await CECO Environmental Corp. (NASDAQ:CECE) to report earnings on March, 8. They expect $0.07 EPS, down 80.00% or $0.28 from last year’s $0.35 per share. CECE’s profit will be $2.43 million for 19.36 P/E if the $0.07 EPS becomes a reality. After $0.03 actual EPS reported by CECO Environmental Corp. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The company has market cap of $188.12 million. The Firm is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems. It currently has negative earnings. The Company’s Environmental segment is engaged in the design and manufacture of product recovery and air pollution control technologies that enable its clients to meet compliance targets for toxic emissions, fumes, volatile organic compounds, process and industrial odors.

Among 7 analysts covering CECO Environ. (NASDAQ:CECE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. CECO Environ. has $16 highest and $7.0 lowest target. $11.67’s average target is 115.31% above currents $5.42 stock price. CECO Environ. had 14 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Drexel Hamilton to “Buy” on Friday, March 11. The rating was maintained by Roth Capital on Friday, March 11 with “Buy”. As per Friday, August 7, the company rating was upgraded by Drexel Hamilton. The firm has “Neutral” rating given on Thursday, November 17 by Seaport Global. The rating was downgraded by Needham on Thursday, November 9 to “Buy”. The stock has “Buy” rating by Seaport Global on Thursday, January 21. On Thursday, November 9 the stock rating was downgraded by Roth Capital to “Hold”. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. The rating was maintained by Jefferies with “Hold” on Friday, August 4. The firm has “Hold” rating by Drexel Hamilton given on Friday, August 7.

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